Regulatory (163)
Cryptocurrency Deals of $10K or More Must Be Reported to IRS: Treasury Dept.
- Monday, 24 May 2021
- Regulatory
- Written by FinTech News Brief Staff
The Treasury Department is cracking down on cryptocurrency transactions and announced it is requiring any transfer of at least $10,000 to be reported. So reports CNBC.
Read more...OCC’s Hsu Orders Comprehensive Review of Crypto-guidance
- Monday, 24 May 2021
- Regulatory
- Written by FinTech News Brief Staff
The U.S. Office of the Comptroller of the Currency is going to revisit its crypto-guidance. New chief Michael Hsu said a comprehensive look at interpretive letters, pending regulatory matters and past guidance will be reviewed. So reports Coindesk.
Read more...SEC Chairman: Stock Trading Looking an Awful Lot Like Video Gaming
- Monday, 17 May 2021
- Regulatory
- Written by FinTech News Brief Staff
Gary Gensler, chairman of the Securities and Exchange Commission, told members of Congress he is worried that new fintech trading platforms have turned the stock market into a video game.
Read more...Regulators Make Call for Input on Growing Use of AI in Banking
- Wednesday, 31 March 2021
- Regulatory
- Written by FinTech News Brief Staff
A cohort of federal regulatory agencies in the U.S. is seeking input regarding the future of artificial intelligence in financial institutions, according to the entities. The groups are asking the public to weigh in on a number of considerations, including customer service, fraud prevention, credit underwriting and other financial operations.
Read more...Crypto Market Seems to Like the Idea of SEC Chairman Gensler
- Friday, 12 March 2021
- Regulatory
- Written by FinTech News Brief Staff
The cryptocurrency market hit a $1.7 trillion market cap as the Senate Banking Committee gave its endorsement of Gary Gensler, President Joe Biden’s nominee to head the Securities and Exchange Commission. So reports Finance Magnates.
Read more...Gensler Tips Hand on How He’ll Treat Crypto If Confirmed to SEC Post
- Thursday, 04 March 2021
- Regulatory
- Written by FinTech News Brief Staff
Gary Gensler, President Joe Biden’s prospective pick to lead the U.S. Securities and Exchange Commission, said he is open to the idea of digital currencies, but warns investors must be “adequately protected.” So reports Fox Business.
Read more...China Lays Out 5-year Regulatory Plan Aimed at Curbing Fintech Consolidation
- Thursday, 03 December 2020
- Regulatory
- Written by FinTech News Brief Staff
In an effort to combat monopolies and bolster risk control, China is planning “special and innovative regulatory measures” on fintech giants like Ant Group Co. So reports Bloomberg.
Read more...Australian Senator: 'The Future is Technology By Blockchain'
- Thursday, 05 November 2020
- Regulatory
- Written by FinTech News Brief Staff
Australian Sen. Andrew Bragg said blockchain technology will be a useful tool to mitigate myriad regulatory issues including those involving financial compliance and transparency. So reports Cointelegraph.
Read more...DOJ Issues New Framework Taking Hard Look at Cryptocurrency Crime
- Wednesday, 14 October 2020
- Regulatory
- Written by FinTech News Brief Staff
The Department of Justice (DOJ) has released a detailed new framework enumerating its stance on how to handle cryptocurrency-related terrorist threats and other cybercrimes.
Read more...Protecting Consumers: Crypto Derivatives Ban in UK, CFTC Enforcement Record
- Friday, 09 October 2020
- Regulatory
- Written by FinTech News Brief Staff
In its sweeping final ruling, the UK’s Financial Conduct Authority (FCA) has decided to ban the sale of cryptocurrency-related derivatives and exchange traded notes to retail customers. According to information from the regulator, these products are “ill-suited” for sale to retail customers since they cannot be “reliably valued” by these customers.
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